Hmmm, guess you didn't notice that @Michael Plaks is an "Enrolled Agent".There are hot dog vendors, there are fast food cooks, there are sit down resaurant cooks and there are fine dining chefs. 

I got my tax return, schedule E and my property due to depreciation, took a loss.

I had to really look into profit and loss accounts and understand how the numbers worked.

However, if they perceive this financial loss as tuition for their new career—a valuable part of their education in real estate—they are more likely to succeed.

Please keep in mind of section 469 as to where you can use these losses.

Loss History (see if you can get at least 5 years from the current owner) Ask them for "Loss Runs"5.

Hoping to recoup some losses without having turnover and the costs associated with thatthanks!

I've found a few online though I'm looking for one that has-property description, condition, purchase price, closing date, default clauses, insurance contingency, risk and loss damage, adjustmentsDo I need all of this and if so where should I get it?

Just food for thought

Topic no. 409 covers general capital gain and loss information.The rest will be taxed, so a big chunk of that money will go to your uncle who happens to be a partner of yours.